P&G to Sell Frédéric Fekkai Brand and Salons

TODAY: May 22, 2015 PUB DATE: May 22, 2015

Procter & Gamble Co. will sell its Frédéric Fekkai hair care brand and salons, the latest move by the consumer-products company to focus on a smaller number of core brands. Designer Parfums, whose products include Jean Patou fragrances, and Luxe ...

H-P's Earnings Top Views Despite Revenue Drop--4th Update

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Robert McMillan Hewlett-Packard Co.'s upcoming breakup into two separate companies will cost billions--but there will be $1 billion in cost savings too, the company said Thursday. The storied Silicon Valley institution will formally divide into two public companies by ...

U.S. Sanctions Triggered by Plane Sale to Iran's Mahan Air

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Jay Solomon WASHINGTON--The U.S. took punitive measures against an Iraqi airline and a Syrian businessman on Thursday over the sale of aircraft to a blacklisted Iranian airline, in a case that has sparked concerns that U.S. sanctions are beginning ...

Key House Lawmaker Sends Subpoena to Fed Over 2012 Leak

TODAY: May 22, 2015 PUB DATE: May 22, 2015

House Financial Services Committee Chairman Jeb Hensarling (R., Texas) sent a subpoena Thursday to the Federal Reserve seeking documents related to the publication of details of market-sensitive policy deliberations in October 2012. The subpoena comes almost three weeks after Fed ...

Malaysia April CPI Rises +1.8% on Year; Below Forecast

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Jason Ng KUALA LUMPUR--Malaysia's consumer price index, the main gauge of inflation, rose 1.8% in April from a year earlier mainly due to costlier alcoholic drinks, healthcare, restaurants, and food, official data showed Friday. The Wall Street Journal's poll ...

WPP's Chinese Unit Buys Singapore Based Marketing Firm 3ree

TODAY: May 22, 2015 PUB DATE: May 22, 2015

LONDON--Advertising company WPP PLC (WPP.LN) said Friday that its Chinese unit, Always Marketing Services, will acquire Singapore based marketing company 3ree for an undisclosed sum. 3ree offers event management, sourcing and production of marketing premiums, project management for exhibitions and ...

Turkey's Ford Otosan Resumes Production After Labor Protest

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Yeliz Candemir ISTANBUL--Ford Otomotiv Sanayi AS, the Turkish unit of Ford Motor Co. (F) in partnership with Koc Holding AS (KCHOL), said Friday that it has resumed production at its two plants after a brief suspension due to a ...

BlackBerry to Buy Back About 2.6% of Outstanding Shares

TODAY: May 22, 2015 PUB DATE: May 22, 2015

BlackBerry Ltd. will buy back about 2.6% of its shares outstanding to offset the impact of a proposed employee share purchase plan and the increase in the shares it can offer under its equity incentive plan, the company said Thursday. ...

Vanguard Natural Resources to Buy Eagle Rock Energy Partners

TODAY: May 22, 2015 PUB DATE: May 22, 2015

Vanguard Natural Resources LLC, a U.S. oil-and-gas producer, has agreed to acquire smaller rival Eagle Rock Energy Partners L.P. for $474 million plus debt, the two Houston-based companies said Thursday. The deal gives Vanguard a bigger presence in Oklahoma, where ...

Marathon Experiences Brief Power Outage at Louisiana Refinery

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Dan Molinski Marathon Petroleum Corp. said Thursday a brief electricity shutdown disrupted operations at its Garyville, La., refinery, one of the U.S.'s largest. "We can acknowledge a brief power outage occurred at our Garyville refinery with minimal impact on ...

Domestic Demand Propels Germany's Economy

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Nina Adam FRANKFURT--Domestic demand propelled Germany's economy in the first quarter, as both private consumption and investment spending increased, the federal statistics office, Destatis, said Friday. But sluggish exports and falling inventories meant growth fell short of an extraordinarily ...

Dollar Falls Against Yen As Investors Await BOJ Kuroda Remarks

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Hiroyuki Kachi The dollar was lower against the yen in Asia trade Friday, as investors await Bank of Japan Gov. Haruhiko Kuroda's comments after the central bank decided to stand pat at its policy setting meeting. Around 0450 GMT, ...

U.S. Sanctions Triggered by Plane Sale to Iran's Mahan Air

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Jay Solomon WASHINGTON--The U.S. took punitive measures against an Iraqi airline and a Syrian businessman on Thursday over the sale of aircraft to a blacklisted Iranian airline, in a case that has sparked concerns that U.S. sanctions are beginning ...

Merkel, Hollande and Tsipras Talk at Riga Summit -- Update

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Nektaria Stamouli RIGA, Latvia--German Chancellor Angela Merkel and French President François Hollande said during a meeting with Greek Prime Minister Alexis Tsipras that they would personally help if needed to push for a speedy solution to Greece's financing woes, ...

Reckitt's Personal Lubricants Buy May Lessen Competition -UK Regulator

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Tapan Panchal LONDON--U.K. consumer goods company Reckitt Benckiser Group PLC's (RB.LN) anticipated acquisition of the K-Y brand could lead to higher prices for personal lubricants, the U.K.'s competition regulator said Friday. Reckitt, which makes Durex condoms and already sells ...

Domestic Demand Propels German Economy

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Nina Adam FRANKFURT--Domestic demand propelled Germany's economy in the first quarter, as both private consumption and investment spending increased, the federal statistics office, Destatis, said Friday. But sluggish exports and falling inventories meant growth fell short of an extraordinarily ...

Venezuelan Currency Tumbles to New Lows

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Ezequiel Minaya Caracas--The slide of Venezuela's currency picked up steam Thursday, barreling to a new low weaker than 400 bolivars per dollar on the black market, further signaling the oil-rich but cash-strapped country's tightening demand for hard currency. The ...

Former Fed Governor Warsh Laments Lack of True Fed Debate

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Michael S. Derby PALO ALTO, Calif.--A former U.S. central bank governor opened the kimono on Federal Reserve decision making, saying little real debate happens at the bank's monetary policy gatherings. Speaking Thursday, Kevin Warsh told a conference held by ...

Key House Lawmaker Sends Subpoena to Fed Over 2012 Leak

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By David Harrison House Financial Services Committee Chairman Jeb Hensarling (R., Texas) sent a subpoena Thursday to the Federal Reserve seeking documents related to the publication of details of market-sensitive policy deliberations in October 2012. The subpoena comes almost three ...

Asia Shares Mostly Higher

TODAY: May 22, 2015 PUB DATE: May 22, 2015

TOKYO—Asia shares mostly were higher in early Friday trading, while a red-hot Japan market cooled as investors await the central bank's take on the current state of the economy. Australia's S&P;/ASX200 was up 0.4% at 5687.80, while South Korea's KOSPI ...